...THE COMPANIES ACT, 1956 (Private Company Limited by Shares) ARTICLES OF ASSOCIATION OF PRIME LEATHER GARMENTS AND PRODUCTS (PRIVATE) LIMITED 1. The Regulations contained in Table ‘A’ to the First Schedule to the Companies Act, 1956 shall be the regulations of PRIME LEATHER GARMENTS AND PRODUCTS (PRIVATE) LIMITED so far as these are applicable to a private company. PRIVATE COMPANY 2. The Company is a “Private Company” within the meaning of Section 2(1)(28) of the Act and accordingly: (1) No invitation shall be made to the public to subscribe for the shares or debentures of the Company. (2) The number of the members of the Company (exclusive of persons in the employment of the Company), shall be limited to fifty, provided that for the purpose of this provision, where two or more persons hold one or more shares in the company jointly, they shall be treated as single member; and (3) The right to transfer shares of the Company is restricted in the manner and to the extent herein appearing. TRANSFER OF SHARES 3. A member desirous to transfer any of his shares shall first offer such shares for sale or gift to the existing members and in case of their refusal to accept the offer, such shares may be transferred to any other person, as proposed by the transferor member, with the approval of the Board of Directors. GENERAL MEETINGS 4. The statutory general meeting of the company shall...
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...with Share & Loan Capital; Acquire the business or property; Negotiates the preliminary agreement; Prepare, execute & register the MOA & AOA; Finds the bankers, brokers, legal advisers, underwriters, first Directors; Prepares, advertises & Circulates the Prospectus for placement of capital 4 PROMOTERS OF A COMPANY IMT NAGPUR - 2011-13 But a person who merely acts in a professional capacity, such as solicitor who draws up an agreement or articles, an accountant or valuer who prepares figures or valuation and who is paid for the same is not a Promoter. 5 PROMOTION OF A COMPANY IMT NAGPUR - 2011-13 Incorporation of a Co. means a process by which a Co. is incorporated or brought into being as a Corporate body, and floated as a going concern, by the issue of prospectus. 6 REGISTRAR OF COMPANIES (ROC) IMT NAGPUR - 2011-13 Ministry of Corporate Affairs Registrar of Companies (ROC) 7 FORMATION OF COMPANIES STEP I : IMT NAGPUR - 2011-13 Decide the type of the Co. to be registered. A. 1. Private Co. 2. Public Co. B. 1. Limited Co. 2. Unlimited Co. 8 FORMATION OF COMPANIES RULE IMT NAGPUR - 2011-13 Any 7 or more persons (for Public Co.) or any 2 or more persons (for Pvt. Co.), associated for any lawful purpose may, by subscribing their names to the MOA, and complying...
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...PRODUCER COMPANIES (Part IXA) (Sections 581A to 581ZT) Formation and registration (Section 581C) • Number of members:- ➢ Any ten or more individuals, each of them being a producer or ➢ Any two or more producer institutions, or ➢ A combination of both - can form a producer company by submitting the application in the prescribed form and by paying the required fees to the Registrar of Companies (RoC). • The RoC, on being satisfied of compliance of the requirements of the Act, shall cause the company registered and issue a certificate of incorporation. • All the costs incurred by the promoters towards incorporation of the Producer company shall be re-imbursed to them subject to the approval by the Members at the First Annual General Meeting. • All provisions applicable to private companies shall apply to a producer company, other than those provided specifically in the Act u/s 581 ZR. Producer Company – definition Producer company means a body corporate having objects or activities specified in section 581B and registered as producer company under this Act.[S.581A(1)] Objects of producer company (Section 581B) a) Production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit; N.B.:-The above activities can be carried on either by itself or through other institutions ...
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...1. Property of the company belongs to a) Company b) Share holders c) Members d) Promoters 2. Which company shares can be freely transferable 3. Private Company b) Public Company c) Both (a) & (b) d) None of the above 4. Minimum number of members in case of public company b) 1 b) 2 c) 5 d) 7 5. Minimum number of members in case of private company is c) 1 b) 2 c) 3 d) 6. Maximum no. of members in case of private company is d) 50 b) 100 c) 150 d) 200 7. Maximum no .of members in case of public company is 1) 0 b) unlimited c) 50 d) 100 8. How many months did the company can continue its business u/s 45 _______ e) 1 b) 2 c) 5 d) 6 9. If minimum subscription is not received application money should be refunded with in ______days 20 b) 25 c) 30 d) 10 10. Liability of a member in case of a private company is f) Limited b) Unlimited c) Both (a) or (b) d) None of the above 11. Maximum no. of persons in case of partnership banking business ______ g) 10 b) 20 c) 30 d) 5 12. Minimum paid up share capital in case of a private company is _______ h) 1 Lakh b) 2 Lakhs c) 3 Lakhs d) 4 Lakhs 13. Minimum paid up share capital in case of a public company is ________ i) 1 Lakh b) 3 Lakhs c) 5 Lakhs d) 7 Lakhs 14. Minimum no. of Directors in case of a public company is __________ j) 1 b) 2 c) 3 d) 4 15. Minimum no. of Directors in case of private company is _______ ...
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...Case: Unequal-Equal Supervisors Questions 1. How have the inaccurate performance ratings created more problems? The inaccurate performance rating created an ethical dilemma for Hubert Johnson. Rating both employees the same even though one is more capable can lead him to making the wrong decision when retaining one supervisor for the job. This in turn can cause adverse consequences for the company. For instance, it’s quite clear that Neil will be the appropriate choice to help lead the company reach its goals. But since the company requires the person with most seniority receives priority, Hubert should retain Harriet, not Neil. The company at this point needs efficient leader like Neil to help gain sales back, but due to Hubert’s inaccurate decision regarding performance rating he might have to keep Harriet which might affect the productivity levels of the organization. 2. What HR and legal issues could be raised in this case? The documentation raises questions about the fairness of the evaluation system. As noted in the text, if any part of the appraisal process fails, better-performing employees may not receive larger pay increases, and the result in perceived inequity in compensation. Accurate evaluations can provide justification for actions such as, termination or demotion should they be necessary. Either employee can file a lawsuit against the company. 3. What course of action would you recommend that Hubert take? Explain your rationale for taking this...
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... | | |agency authorized by the Ministry of Corporate Affairs | | | | |(National) | | | |3 |Reserve the company name online with the Registrar of |2 days |INR 500 | | |Companies (ROC) (National) | | | |4 |Stamp the company documents at the State Treasury (State)|1 day |INR 1,300 (INR 200 for MOA + INR 1,000 for AOA for every | | |or authorized bank (Private) | |INR 500,000 of share capital or part thereof + INR 100 for| | | | |stamp paper for declaration Form 1) | |5 |Get the Certificate of Incorporation from the Registrar |5 days |INR 14,133 (see comments)...
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...Business Environment (A project report on FOREIGN COMPANIES OPERATING IN INDIA AND THEIR ENTRY STRATAGIES) My Project report covers: * Introduction * Types of Entry Strategies in India * Two Case studies * Conclusion * Sources Introduction: India Strategy Assessment Businesses entering India should analyse the following points before selecting the Entry Strategy: * Am I entering India at the right time? * How do I get my project approved and deal with the legal regulations? * Who are my sourcing partners? India an incredible promise, demonstrating rapid growth and entrepreneurial spirit. Brickwork India is definitely the gateway to the best of India. We help you in evolving innovative and intelligent strategies to foray your efforts into India. We are a specialist firm that can develop, mould, and monitor your India business strategies. We visualize, implement, and realize India entry strategies for companies from across the globe. Our services include consultancy in Setups, Mergers and Acquisitions (M&A), Partner Search, Market Research, Procurement Research, Supplier and Distributor Research, etc. We have an exclusive network of professionals, analysts, thought leaders, industry experts, and bureaucrats who help you in a smooth execution of India Strategy projects. Market Intelligence Market & Industry Analysis Company Profiling Feasibility Studies Competitor Analysis Entry Strategy Market...
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...you will have to remit money equal to the shares to be owned by the foreign shareholder from outside Bangladesh in the account. The Bank will issue an Encashment Certificate which will be required by RJSC for incorporation 3) Company registration last step is to submit all the required information in the RJSC’s website. After you finish all the process, you will receive a bank payment slip for paying the registration fees along with stamp duty. After making the payment in the bank, you are done. Now you will have to follow up with the RJSC for obtaining the incorporation certificate. RJSC officials will check the documents and information. If they are satisfied, they will issue the digitally signed i) Certificate of Incorporation; ii) MoA and AoA; and iii) Form XII. These documents will be mailed to your email address associated with your RJSC account. There are cases when the incorporation procedure can get delayed if the shareholders or directors are of certain nationalities, although this happens in rare cases only. In such cases, the authorities might ask for additional information. There are also some post registration formalities that you are to follow- *Share certificates for each of the shareholders. *Register for shareholders, shares, directors etc. *Company seal for the company *A rubber stamp for the company So, these are the steps One must follow in registering their company in Bangladesh. ...
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...Joty Product and Ad Campaign For this next assignment I want you to create a product of your choice. You will be making everything that has to do with the product, from beginning to end. It can be a product that already exists, but with a new name, label, packaging, and advertisement. Although, I do prefer that you make a brand new product that does not exist because then it is all original. Brainstorming Ideas • Think like an inventor and think about solutions for the things that cause you problems on a daily basis. (For example: Drool catcher, Bed hair, Toe jam, Acne, etc.) • Think about your favorite products and how they can be made better • Think of your target audience (consumers) • How would you present your product? • What would it be made out of? • Who and how would they benefit from your product? Dieter Rams: 10 Principles for Good Design 1. Good design is innovative 2. Good design makes a product useful 3. Good design is aesthetic 4. Good design makes a product understandable 5. Good design is unobtrusive 6. Good design is honest 7. Good design is long-lasting 8. Good design is thorough, down to the last detail 9. Good design is environmentally-friendly 10. Good design is as little design as possible Requirements • Come up with a product that has an original name and slogan o Make a label and packaging for your product that has all of the essential information for the consumer (logo, slogan, product info). Make it look like a real You're...
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...adopted by the Bank take into account all possible factors into appraising the risks, associated with a loan. These have been categorized broadly into financial, business, industrial & management risks are rated separately. These factors duly weighted are aggregated to arrive at a credit decision whether loan should be given or not Financial parameters: The assessment of financial risk involves appraisal of the financial strength of the borrower based on performance & financial indicators which assessed in terms of static ratios, future prospects & risk mitigation. Credit Appraisal Process Receipt of application from applicant Receipt of documents (Balance sheet, KYC papers, Different govt. registration no., MOA, AOA, and Properties documents) Pre-sanction visit by bank officers Check for RBI defaulters list, willful defaulters list,...
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...Contents Introduction 2 Private company limited by shares 4 Private company limited by guarantee 5 Private unlimited company 6 Memorandum of Association 7 Article of Association 9 Memorandum and Articles of Association: 10 Memorandum and Articles of Association Form 10: 10 Memorandum and Articles of Association Form 12: 10 Memorandum and Articles of Association Advantages: 11 Memorandum and Articles of Association Disadvantages: 11 Dissolving ANNHANNY 11 What is a dead business. 12 Striking off a company 13 Winding up a company 14 Reference 16 Introduction The selling and supplying children books fall under the category of distributor and wholesaler. There are few prominent companies in Malaysia who are specializing in selling and supplying children books such as Grolier (M) Sdn. Bhd and the Children World Publications (M) Sdn. Bhd. In the case of Anne and Hanny, they have initiate a plan to set up a business selling and supplying children books. This will followed by another expansion toward setting up a publishing firm in the future. They type of organization that will be suitable for them will me more like the Children World Publications (M) Sdn. Bhd. Their type of business is somewhat similar to what Anny and Hanny had in mind initially. The only difference is, Anne and Hanny wanted to do it in two separate steps. First step is to open up a business selling and supplying children books then as the business grows they will embark...
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...DEEPIKA SRIVASTAVA Phone: +91 9342774441 Email : csdeepikas@gmail.com Skype id: deepika.srivastava.cs BRIEF OVERVIEW § § § § An astute and dynamic professional with sharp business acumen. Knowledge in the field of Commerce, Sociology, Law and Company Secretary. Confident to prove myself as a valuable asset to the company by rendering highly qualified professional services. Good listening, communication and interpersonal skills. QUALIFICATIONS § § § § Associate Company Secretary from ICSI – 2009 (qualified in August 2008) LL.B - 2007 M.A. (Sociology) – 2005 B. Com. (with Computer Application) – 2003 MAJOR ASSIGNMENT HANDLED • • • • • • • • • • • • • • • • Drafting of Petition(s) Affidavit(s), Scheme of Arrangement, Form of Proxy, and other related documents for the Merger/ Amalgamation. Handled all the Secretarial aspects of the Merger Drafting and Vetting Hearing submissions, Post hearing Submissions, Rebuttals and various other documents pertaining to International Arbitration. Extensive research work on foreign laws like New York Law, Austrian Law, North Carolina Laws, Delaware Law pertaining To Merger and Amalgamation, Contract Law, Arbitration Law, Company Law Detail study of Tanzania Company Law, South Africa Company Law and Ghana Company Law Pertaining to opening of Branch office by a Foreign Company. Drafting of Opinion on various issues relating to Managerial Remuneration and filing application thereto. Drafting of Opinion on various issues relating...
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...Smith Nguyen Studio. http://www.facebook.com/SmithNguyenStudio Smith Nguyen Studio. Công Ty Samsung Trân trọng gửi đến bạn cuốn sách này. Phiên bản ebook này được thực hiện theo bản quyền xuất bản và phát hành ấn bản tiếng Việt của công ty First News - Trí Việt với sự tài trợ độc quyền của công ty TNHH Samsung Electronics Việt Nam. Tác phẩm này không được chuyển dạng sang bất kỳ hình thức nào hay sử dụng cho bất kỳ mục đích thương mại nào. http://www.facebook.com/SmithNguyenStudio Smith Nguyen Studio. THE 7 HABITS OF HIGHLY EFFECTIVE PEOPLE: Powerful Lessons in Personal Change by Stephen R. Covey Copyright © 2004 by FranklinCovey Company FranklinCovey and the FC logo and trademarks are trademarks of FranklinCovey Co. and their use is by permission. Vietnamese Edition © 2007 by First News - Tri Viet. Published by arrangement with FranklinCovey Co., USA. All rights reserved. THE 7 HABITS OF HIGHLY EFFECTIVE PEOPLE 7 THOÁI QUEN ÀÏÍ THAÂNH ÀAÅT Cöng ty First News - Trñ Viïåt giûä baãn quyïìn xuêët baãn vaâ phaát haânh êën baãn tiïëng Viïåt trïn toaân thïë giúái theo húåp àöìng chuyïín giao baãn quyïìn vúái FranklinCovey Co., Hoa Kyâ. Bêët cûá sûå sao cheáp, trñch dêîn naâo khöng àûúåc sûå àöìng yá cuãa First News vaâ FranklinCovey àïìu laâ bêët húåp phaáp vaâ vi phaåm Luêåt Xuêët baãn Viïåt Nam, Luêåt Baãn quyïìn Quöëc tïë vaâ Cöng ûúác Baão höå Baãn quyïìn Súã hûäu Trñ tuïå Berne. CÖNG TY VÙN HOA SANG TAO TRÑ VIÏT - FIRST NEWS Á Á ...
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...BUSINESS STUDIES (CODE - 054) CLASS–XI (2013-14) One Paper Units Periods 100 Marks 3 Hours Marks Part A: Foundations of Business 1. 2. 3. 4. 5. 6. Nature and Purpose of Business Forms of Business Organisations Public, Private and Global Enterprises Business Services Emerging Modes of Business Social Responsibility of Business and Business Ethics } } } } } 22 26 22 22 12 16 120 20 18 12 50 Part B: Finance and Trade 7. 8. 9. 10. 11. Sources of Business Finance Small Business Internal Trade International Business Project Work 30 16 30 14 30 120 20 20 10 50 PART A: FOUNDATION OF BUSINESS Unit 1: Nature and Purpose of Business: • • • • • • • Concept and characteristics of business. Business, profession and employment -Meaning and their distinctive features. Objectives of business - Economic and social, role of profit in business Classification of business activities: Industry and Commerce. Industry - types: primary, secondary, tertiary - Meaning and sub types 120 Periods 22 Periods Commerce - trade: types (internal, external, wholesale and retail; and auxiliaries to trade: banking, insurance, transportation, warehousing, communication, and advertising. Business risks - Meaning, nature and causes. Meaning of business with special reference to economic and non-economic activities.Two or three definitions of business with one conclusive definition. Fundamental features of business which differentiate it with other activities of society. Meaning of profession and employment...
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...ANSWER TO PART 1: A) The first lawsuit that Sebastian can bring against Poorich supermarket would be tort of negligence. The general principle of tort of negligence is, a person through his act or omission causes damage or injury to another person in situations where it was foreseeable. In the case of Sebastian, the manager of the Poorich supermarket owes Sebastian and his two sons a duty of care as a customer. The concept of duty of care generally known as the ‘neighbour’s principle’ is effectively established in the case of Donoghue v Stevenson. The legal principle of Donoghue v Stevenson is, in order for the plaintiff to sue in negligence he has to prove the four vital points which are, the defendant owes a duty of care to the plaintiff and the defendant did not take proper care which resulted in damage or injury to the plaintiff. Hence, in this case the manager of the supermarket breached his duty by negligently accusing Sebastian in front of a public for stealing and also labelling Sebastian as a cheat and liar without having any accurate evidence. Therefore, my recommendation would be that Sebastian may file a law suit against the Poorich supermarket for the negligence of the manager in handling the matter which is reasonably foreseeable that it caused Sebastian embarrassment and emotional distress. The second lawsuit that can be brought against the supermarket, would be trespass to a person. The three types of trespass to a person is battery, assault and false...
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